The Lagos State Special Offences Court in Ikeja has set 15 October for judgment in the N6 billion money laundering trial of social media personality Ismaila Mustapha, popularly known as Mompha.
The trial judge, Mojisola Dada, fixed the date after hearing the final written addresses of both the prosecution and the defence, according to a statement shared on Tuesday by the spokesperson for the Economic and Financial Crimes Commission, Dele Oyewale.
The EFCC arraigned Mr Mustapha alongside his company, Ismalob Global Investment Limited, on 12 January 2022 on eight counts of conspiracy to launder funds allegedly obtained through unlawful activities, retention of proceeds of criminal conduct, failure to disclose assets, and possession of documents containing false pretences, among other offences.
One of the charges alleges that Mr Mustapha, Ahmadu Mohammed, who is said to be at large, and Ismalob Global Investment Limited conspired in 2016 to conduct financial transactions amounting to N5,998,884,653.18 with the intent of promoting unlawful activities, namely obtaining money by false pretence.
